The European Insurance and Occupational Pensions Authority (EIOPA) has published today an updated Action Plan 2016 and Way Forward for Colleges of Supervisors.
EIOPA decided to bring forward from 2016 to 2015 discussions on whether group supervision should be extended to the sub-group level, whether national or cross-border in nature. The possible need to discuss this issue earlier was foreseen by EIOPA already last year and has now materialised.
Another update refers to a call for colleges to share their views on how EIOPA could provide analytical and technical support for an efficient and secure exchange of information within colleges. The input received from colleges will be part of a wider initiative on the creation of a "European database" for reports and analytics for the benefit of national competent authorities.
The document also outlines a two-fold approach for setting the themes for colleges in 2017: themes will not only be collected from college members so as to reflect their specific needs and facilitate the functioning of colleges, but also from EIOPA's annual work programme, which aims to support consistent supervision across Europe.
The updated Action Plan 2016 and Way Forward for Colleges of Supervisors can be viewed here.